Speeding Up Renewable Energy Integration with Invisible Hands: Ancillary Service Market and the COVID-19 Natural Experiment

被引：0

作者：

Li, Haoyang ^{[1
]}

Song, Feng ^{[2
]}

Xia, Fang ^{[3
]}

机构：

[1] Nanjing Agr Univ, Coll Econ & Management, Nanjing, Peoples R China

[2] Renmin Univ China, Sch Appl Econ, Beijing, Peoples R China

[3] Univ Int Business & Econ, Res Inst Global Value Chains, 10 Huixin Dongjie, Beijing 100029, Peoples R China

来源：

ENERGY JOURNAL | 2024年 / 45卷 / 05期

基金：

中国国家自然科学基金;

关键词：

renewable energies; ancillary service markets; carbon emissions; COVID-19; ELECTRICITY; EFFICIENCY; CHINA; COMPETITION; CURTAILMENT; GENERATION; SECTOR; REFORM; COSTS;

D O I：

10.1177/01956574241240025

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Sustaining a high-renewable electricity generation portfolio has proved to be difficult due to grid flexibility constraints. We utilize the abrupt decline in electricity demand due to the COVID-19 lockdown in China as a policy experiment to study the role of ancillary service markets (ASMs) in promoting intermittent renewable energy integration. Our results reveal that provinces with ASMs sustained a significantly higher generation of intermittent renewable energy during the COVID-19 demand shock, which amounts to 9.7 percent of average monthly intermittent renewable energy generation during the shock. A back-of-envelope analysis further shows that annual carbon emission offset from establishing ASMs in all provinces of China could amount to 13 to 17 percent of annual carbon emissions from Britain in the near future when renewable energy penetration continues to go up.JEL Classification: Q20, Q42, Q53, O13

引用

页数：32

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